Cudo Mining Software Lets Users Mine According to Profitability

At a time when various cryptocurrency miners have to leave the industry because of the year-long bear market, a new mining software called Cudo Miner is is changing the game with highly efficient software to optimise hashrate and profitability.

What makes Cudo unique is the fact their products are designed for advanced command line users as well as novice GUI miners alike. The software can be installed on your laptop to make use of spare power, whilst also being used by miners with large GPU rigs.

Cudo Miner is the first mining software that allows users to apply per-algorithm optimisations and GPU overclocking from the same application. Usually, miners would have to use command line scripts to optimise their performance based on the cryptoasset they're mining plus something like MSI afterburner - GPU software - to overclock their GPUs memory, core count, power etc.

According to Cudo Miner’s website, miners using the software will always mine the cryptocurrency most profitable for them, by monitoring the relative mining difficulty and market price in real-time choosing between 9 cryptocurrencies with 5 different mining algorithms.

Cudo Miner continuously scans the coin value and difficulty, automatically switching your mining efforts to provide the highest profitability at any given time.

The recently released built-in GPU overclocking feature allows users to tweak their GPU clock and memory from the software and choose the optimal configuration for your hardware.

This means that the software is continuously mining the most profitable coin without losing performance as your GPUs will be set to the optimal configurations

ímg1.PNG

Mining While Performing Other Tasks

Interestingly, Cudo Miner allows users to control their GPU and CPU to mine cryptocurrencies concurrently, while also allowing them to control just how much of their GPU/CPU resources they use to mine, so they can keep on doing other tasks if they don’t have a dedicated mining rig.

Helping give miners even more control, if the software is installed on a laptop it allows them to automatically suspend mining if the machine isn’t plugged to a power outlet, or schedule when to mine to take advantage of times in which the laptop isn’t being used.

Miners who use the platform can notably choose to be paid out in either Bitcoin or Ethereum so they won’t have to deal with dust after mining various altcoins if the algorithm sees it’ll be profitable to keep on switching:

Cudo Miner was born out of frustration and desire to simplify and make crypto mining more profitable for all. We collaborate closely with our community to help evolve the software and to ensure it is the most competitive crypto mining software available.

While the software is free to download, the team behind it takes a 5% commission off of miners’ earnings to cover operational and development costs. While a 5% fee is above that of most mining pools, Cudo believes its advanced software and hassle-free setup will more than make up for the higher fee in what it returns. In fact Cudo says they have the most efficient software on the market.

img2.PNG

Future Plans

Cudo Miner’s Beta launch was made ten weeks ago and since then it has already garnered over 10,000 users. Its founders, Matt Hawkins and Duncan Cook, have revealed in the future they plan on making it even easier for miners to configure their machines.

Before launching Cudo Miner, the team had numerous projects. These include a disaster warning app for the American Red Cross, and what was once one of the fastest growing UK datacenter and internet services companies before being sold.

In next year’s roadmap, Cudo Ventures told CryptoGlobe, Cudo Miner is set to enable a distributing computing feature, which will allow users to rent their computing power to clients, essentially allowing them to rent a “supercomputer.” This feature is set to launch in the first quarter of 2019. Unlike other distributed computing projects such as Golem and iExec Cudo are attracting a large user base offering mining services first.

The team also plans on going mobile, allowing users to earn and monitor their performance while on the go. Users who sign up via CryptoGlobe’s referral link will received a 10,000 satoshi bonus.

Mining Pool BTC.Top Briefly Controls Over 51% of Bitcoin Cash's Hashrate

BTC.Top, a popular cryptocurrency mining pool, has recently hit a high of 54% of Bitcoin Cash’s hashrate, before seeing it recede. According to some users the mining pool has just been going after profitability, although any pool having over 51% of the hashrate could be cause for concern.

According to data from Coin.Dance, BTC.Top managed to mine over 54% of the blocks on the Bitcoin Cash network for a brief period of time, before seeing its hashrate go down. At press time, data shows in the last 24-hour period it mined 47% of blocks on the network.

Having over 51% of a network’s hashrate is seen as negative by many, as it could allow the entity controlling the majority of, in this case Bitcoin Cash’s hashrate, to pull an attack on the blockchain and double-spend coins.

This essentially means every network participant is forced to trust the mining pool not to attack Bitcoin Cash. Notably, BTC.Top is believed to have recently thwarted an attack on the network that sought to steal coins someone sent to a Segregated Witness (SegWit) address on the Bitcoin blockchain.

As such, network participants seemingly trust the mining pool was only mining the most profitable cryptocurrency on the SHA-256 algorithm, and wasn’t trying to act maliciously. This, however, doesn’t mean it couldn’t.

Various cryptocurrencies have suffered 51% attacks in the crypto space’s short history, including Verge (XVG), Bitcoin Gold (BTG), and Ethereum Classic (ETC). ETC suffered one of the most notable attacks, as hackers compromised one of the most popular networks in the space to double-spend coins worth over $1.1 million.

While BTC.Top heavily mines Bitcoin Cash, it revealed back in November of last year, before the hard fork that created Bitcoin Satoshi’s Vision (BSV) occurred, that it was apolitical and would support the blockchain with the most hahspower.

At the time Jiang Zhouer, the Chinese cryptocurrency mining pool’s founder, revealed BTC.Top’s goal was to recover stability for Bitcoin Cash, which at the time was engaged in a “war” between two sides.

On BSV’s side there are also concerns about a potential 51% attack. As covered, CoinGeek has reached the necessary hashrate to attack the network more than once, but hasn’t done anything malicious.